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The passage of the goods and services tax (GST) bill in the Rajya Sabha was already factored in by markets, which explains the lack of stock movement after the landmark event. We instead saw profit-booking before a late recovery due to a policy rate cut by the Bank of England and hopes of an RBI rate cut. The Nifty gained 0.5 percent for the week while the Sensex ended flat. FIIs were net buyers to the tune of $376 million.